UGint Co., Ltd. (KOSDAQ:A195990) announced a private placement of 9th series unregistered unsecured coupon unguaranteed private convertible bonds for gross proceeds of KRW 15,000,000,000 on July 27, 2018. The bonds are issued at 2% coupon rate, 3% yield to maturity and will mature on July 30, 2021. The bonds can be 100% converted into 13,452,914 common shares of the company at a fixed conversion price of KRW 1,115 per share. The conversion period start date is July 30, 2019 and end date is June 30, 2021. The subscription date and payment date of the transaction are July 27, 2018 and July 30, 2018 respectively. The transaction has been approved by the company’s board of directors. The transaction will include participation from Ajax Fund 1 for KRW 15,000,000,000.